Tag Archives: bond notes

Government is tightening its grip on the bond notes by subjecting cross-borders to serious scrutiny as the money authorities bid to deal with a thriving parallel market of the surrogate currency on its borders. This comes after Reserve Bank of Zimbabwe (RBZ) official Azvinandawa Saburi told guests at the Zimbabwe National Chamber of Commerce…

Acknowledgements : The Economist The king of funny moneyZimbabwe’s new “bond notes” are falling fast Robert Mugabe prints banknotes and insists they are worth as much as US dollars. No one is fooled From the print edition | Middle East and Africa Feb 18th 2017 | HARARE HOW much is an American dollar worth?…

Banks only have enough cash in offshore accounts to finance about two weeks’ worth of the country’s imports. Reuters / 16 February 2017 00:12 Zimbabwean banks only have enough cash in offshore accounts to finance about two weeks’ worth of the country’s imports, according to a statement from the central bank on Wednesday. Local banks…

One of the purposes of propaganda and its distortion of the truth is to maximize or exaggerate what is least important and minimize or down-play what is of particular importance. It is the latter tactic that is used in the article below from Zimbabwe’s The Herald newspaper. In a pedestrian article requiring only a paragraph or two,…

Posted 15 hours ago by Nigel Gambanga (@nigelrtg) The Reserve Bank of Zimbabwe (RBZ) has introduced the $5 bond note, releasing $15 million worth of the new money into the market. The notes started circulating on Thursday 2 February 2017. The new note is purple in colour and carries images of the balancing rocks and…

RBZ’s bond notes project collapsing That sooner or later Reserve Bank of Zimbabwe chief John Mangudya’s bond notes project would run into problems was a foregone conclusion. THE ZIMBABWE INDEPENDENT COMMENT The bond notes, which were touted as the panacea to Zimbabwe’s cash problems, have so far proven to be a cancer that is…

Acknowledgements : SaltSpringDollars.com Features of Salt Spring Dollars Since its’ inception in 2001, Salt Spring Dollars have gained a reputation as one of Canada’s most establised community currency systems. They are accepted by many merchants across Salt Spring Island, British Columbia, including all three grocey stores, and the local Moauts Home Hardware, among…

2016-12-08 08:03 Harare – Zimbabwe’s central bank says it is about to “drip-feed” another seven million US worth of bond notes into circulation – just as the finance minister readies for a difficult budget. Said an RBZ statement on Wednesday: “The bank would like to advise the public that it is releasing the second…